Feeds

Facebook, chums splash cash at social network wannabes

Jump onto my Web-2.0 love train ... bitch

New hybrid storage solutions

Facebook, Zynga and Amazon.com formed a pact with venture capital outfit Kleiner Perkins and a brace of media outlets yesterday, in a $250m effort to fund social media startups.

The group, which also includes Comcast, Liberty Media and investment bank Allen & Co, has been dubbed “sFund”.

It will cough up cash, legal help and capital for Mark Zuckerberg wannabes.

Facebook’s boydroid CEO told reporters at his company’s Silicon Valley headquarters yesterday that now was the perfect time for investment in social media, as the brown stream of Web2.0 continued to splatter onto the interwebs.

"There's going to be an opportunity over the next five years or so to pick any industry and rethink it," Zuckerberg said, reports Reuters.

According to Facebook, more than 70 per cent of its stalkers users play around with apps, some of which came under scrutiny earlier this week for riding roughshod over online privacy.

"We're at the beginning of a new era for social internet innovators who are re-imagining and reinventing a web of people and places, looking beyond documents and websites," said Kleiner Perkins Caulfield & Byers partner John Doerr.

"There's never been a better time than now to start a new social venture." ®

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
Alibaba swings a large one with STONKING IPO legal bills
Chinese e-commerce beast searches for $21bn from investors
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.